12:26:08 EDT Sun 05 Apr 2020
Enter Symbol
or Name

Login ID:
Planet Ventures Inc
Symbol PXI
Shares Issued 114,039,190
Close 2020-02-13 C$ 0.07
Recent Sedar Documents

ORIGINAL: Planet Ventures investor 1184091 B.C. owns 30M shares

2020-02-13 19:55 ET - News Release

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File: '\\doc\emailin\20200213 164549 Attachment 1184091 B.C. Limited - Early Warning Report News Release (February 2020)


VANCOUVER, BC, February 13, 2020 - 1184091 B.C. Limited ("118"), with an address at 1500 - 1055 West Georgia Street, Van
--->couver, British Columbia, V6C 4N7, has acquired ownership of 30,000,000 common shares ("Common Shares") issued by Planet
---> Ventures Inc. (the "Company"), a corporation with a head office at Suite 303, 750 West Pender Street, Vancouver, Britis
--->h Columbia, V6C 2T7.
118 acquired 30,000,000 Common Shares in the Company with a deemed value of CDN$0.05 (the "Acquisition") pursuant to a s
--->hare exchange agreement (the "Share Exchange Agreement") dated November 1, 2019 among the Company, 118, and the remainin
--->g shareholders of 1st Eleven Limited ("First XI"). The Share Exchange Agreement provided for the acquisition by the Comp
--->any of all the issued and outstanding common shares in the capital of First XI (the "First XI Shares") where each First 
--->XI Share was exchanged for one Common Share of the Company.
Prior to the Acquisition, 118 held nil Common Shares in the capital of the Company, which was equal to 0% of the issued 
--->and outstanding Common Shares of the Company. 
Following the Acquisition, 118 holds 30,000,000 Common Shares, which is equal to 16.3% of the issued and outstanding Com
--->mon Shares of the Company. 
118 acquired 30,000,000 Common Shares of the Company for investment purposes.  In pursuing such purposes, 118 takes a lo
--->ng-term view of its investment.  It reserves the right to formulate other plans or make other proposals, and take such a
--->ctions with respect to its investment in the Company.  Depending on market conditions and other factors, 118 may acquire
---> additional securities of the Company as 118 may deem appropriate, whether in open market purchases, privately negotiate
--->d transactions or otherwise. 118 may dispose of some or all of such securities. 118 may also reconsider and change its p
--->lans or proposals relating to the foregoing.
This press release is issued pursuant to early warning requirements of National Instrument 62-104 and National Instrumen
--->t 62-103, which also requires a report to be filed with regulatory authorities in each of the jurisdictions containing a
--->dditional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Re
--->port will be available under the Company's SEDAR profile at www.sedar.com and may be obtained by contacting Mr. Charanji
--->t Hayre, Director of 118, at (604) 537-9386. 

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